Berenberg Bank Reiterates “Buy” Rating for Yellow Cake (LON:YCA)

Yellow Cake (LON:YCA)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 737 price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 31.26% from the stock’s previous close.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 740 price target on shares of Yellow Cake in a research note on Monday, April 27th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Yellow Cake has an average rating of “Buy” and a consensus price target of GBX 701.75.

Yellow Cake Stock Performance

LON:YCA opened at GBX 561.50 on Wednesday. The stock has a fifty day moving average price of GBX 542.79 and a 200-day moving average price of GBX 587.47. The company has a market cap of £1.41 billion, a price-to-earnings ratio of 3.09 and a beta of 0.30. Yellow Cake has a fifty-two week low of GBX 462.20 and a fifty-two week high of GBX 751.52.

About Yellow Cake

Yellow Cake is a London-quoted company, incorporated in Jersey, which offers exposure to the uranium spot price. This is achieved through its strategy of buying and holding U3O8. It may also seek to add value through other uranium-related activities. Yellow Cake and its wholly owned subsidiary (the “Group”) seek to generate returns for shareholders through the appreciation of the value of its holding of U3O8 and its other uranium-related activities in a rising uranium price environment. The business is differentiated from its peers by its ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world’s largest uranium producer.